Duplex with Detached
221-225 Washington St, Perth Amboy, NJ 08861
For Sale
$675,000
Multi-Family, 2-Two Story, Perth Amboy City, NJ
Property Size2,126 SF
Lot Size0.04 Acres
Price / SF$317.50
Days on Market10
Property Features for 221-225 Washington St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Water source
Building Details
Year built
Floors in Building
Number of units
Roof type
Architectural style
Listing Agency:
FOX & FOXX REALTY, LLC
(732) 486-3444
Listed By:
CARMEN L. ALMANZAR
(732) 738-7501
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 9 at 6:06AM
MLS# 4062210
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,126 square feet, with three bedrooms in each residence. A detached garage and driveway provide on-site vehicle accommodation. The property was built in 1909 and has a shingle roof, public water service, and a 0.04-acre lot.
Located at 221-225 Washington St in Perth Amboy, New Jersey, the property is identified in postal records as 08861.
Located at 221-225 Washington St in Perth Amboy, New Jersey, the property is identified in postal records as 08861.
Key Highlights
- Two residences, each with three bedrooms
- 2,126 square feet on a 0.04‑acre lot
- Detached garage and driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,581
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,620
$711.6K
Cap Rate 7%
$508,300
$508.3K
Cap Rate 9%
$395,344
$395.3K
Market Conditions
NOI Build-Up for 2,126 SF
Gross rent
$54.3K $25.56/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.8K $23.91/SF
− OpEx
−$15.2K −$7.17/SF
NOI
$35.6K $16.74/SF
Area
Middlesex County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,620
Cap Rate 7%
$508,300
Cap Rate 9%
$395,344
Alternative Uses
Best Use
Multifamily LT 5
$508.3K
$444.8K – $593.0K
NOI $35,581 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$467.1K
$408.7K – $544.9K
NOI $32,694 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$555.1K
$485.8K – $647.7K
NOI $38,860 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,431
Businesses Nearby
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Business Placement
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Perth Amboy, NJ
Properties on Market for Duplexes in Perth Amboy
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three-bedroom layouts, and the property includes driveway parking.
Where is this duplex located?
The property is located at 221-225 Washington St Perth Amboy, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; 2,126 square feet on a 0.04‑acre lot; Detached garage and driveway parking
